HomeMy WebLinkAbout04 - Financial SummarySummary
Financial Summary Table of Contents
Summary
BudgetedRevenues................................................................................................................13
ProgramBudget......................................................................................................................14
DivisionalBudget.....................................................................................................................15
Revenues
PropertyTaxes........................................................................................................................16
SalesTax.................................................................................................................................18
UtilityRevenues....................................................................................................................... 20
CapitalRecovery Fees............................................................................................................ 22
Other Enterprise Fund Revenues............................................................................................ 23
Other Miscellaneous Revenues............................................................................................... 24
Fund Summaries
AllFunds Summary ................................................................................................................. 26
GeneralFund...........................................................................................................................28
ElectricFund............................................................................................................................ 30
WastewaterFund.................................................................................................................... 32
WaterFund.............................................................................................................................. 34
AirportFund.............................................................................................................................36
SanitationFund........................................................................................................................ 37
StormwaterDrainage Fund..................................................................................................... 38
IrrigationFund.......................................................................................................................... 39
General Capital Projects Funds............................................................................................... 40
SpecialRevenue Funds...........................................................................................................41
InternalService Funds............................................................................................................. 42
Service I
Other Rf
Grant:
Property Taxes
Sales Taxes
Bond Proceeds
Charges for Services
Capital Recovery Fees
Utility Revenues
Grants
Other Revenue
Service Improvement Fees
Fund Balance Used
Interest
Interfund Transfers
TOTAL REVENUES
Fund Balance Used
00/01
Amended
99/00 Actual Budget
ansfers
iperty Taxes
Sales Taxes
Bond Proceeds
;harges for Services
Recovery Fees
00/01 01/02
Projected Adopted
Budget Budget
02/03
Projected
Budget
4,786,055
5,086,000
5,087,251
5,850,698
6,328,664
3,416,760
3,600,000
3,550,000
3,640,000
3,715,000
5,770,000
7,937,300
7,330,800
1,500,000
2,054,300
6,820,274
7,494,879
7,558,164
7,844,035
7,844,035
823,240
433,125
1,230,000
1,064,500
750,000
34,997,946
33,512,574
36,367,237
37,983,376
38,564,300
944,597
941,259
530,436
115,945
459,000
7,096,059
6,603,772
8,594,309
9,814,538
9,020,896
1,463,738
1,493,545
1,568,075
1,240,935
1,555,435
(4,433,719)
17,962,237
4,171,577
13,312,392
(150,403)
1,962,030
1,268,784
1,578,935
1,199,776
1,187,602
8,492,549
7,248,714
7,496,114
4,051,131
3,731,992
72,139,529 93,582,189 85,062,898 87,617,326 75,060,821
13
Administration
Development Services
Parks & Recreation
Capital Improvements
Management Svc -Others
Fire Services
Airport
Debt Payments
Stormwater Drainage
Sanitation
Wastewater
Water
Public Library
Electric
Streets
Police Services
Program Budget
0
Police Services
Streets
Electric
Public Library
Water
Wastewater
Sanitation
Stormwater Drainage
Debt Payments
Airport
Fire Services
Management Svc -Others
Capital Improvements
Parks & Recreation
Development Services
Administration
5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000
❑Amended 2000/01 Budget 18 Adopted 2001/02 Budget
Amended Adopted
2000/01 Budget % 2001/02 Budget %
3,571,897
4.6%
3,723,642
5.0%
1,174,598
1.5%
1,707,033
2.3%
14,354,057
18.5%
16,586,193
22.2%
707,557
0.9%
729,924
1.0%
3,285,076
4.2%
3,691,046
4.9%
1,380,377
1.8%
2,007,198
2.7%
2,252,595
2.9%
2,222,648
3.0%
206,121
0.3%
292,976
0.4%
6,046,032
7.8%
6,330,756
8.5%
1,010,651
1.3%
1,168,368
1.6%
2,709,112
3.5%
2,833,949
3.8%
697,099
0.9%
676,831
0.9%
29,771,105
38.3%
21,350,600
28.6%
2,390,870
3.1%
2,323,747
3.1%
1,139,311
1.5%
1,656,033
2.2%
7,017,749
9.0%
7,390,622
9.9%
Budget Total By Program 77,714,207 100.0% 74,691,566 100.0%
Interfund Transfers & Premiums 15,867,982 12,925,760
TOTAL OPERATING BUDGET 93,582,189 87,617,326
14
J
J
.J
J
Divisional Budget
30,000,000
28,000,000
26,000,000
24,000,000
22,000,000
20,000,000
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
Je\olp 'BIS�eta Sep" es°\5cGes e( kS5 sell \oQ�eo, Jeme��a o`ea, \5`�", e�\oes me��a eN4N t`SSa�a
&fie �nv���N eme�t a��OaP eaP°� ���`� �o�eJe ��caP�o Sg�e Pa.�n F'�ceS ay °�\GeS eSq�'Cea
P\a���o9 Geoe9e`o Ma°a9 \��oi� Pvt°ras °co c� GaQ��a Pa�� P��a°oe& P J 00
�a
113 99/00 Actual 13 00/01 Amended Budget 13 00/01 Projected Budget 13 01/02 Adopted Budget 13 02/03 Projected Budget
Planning & Development.
Georgetown Utility System
Management Services
Information Resources
Purchased Power (GUS)
Community Services
Economic Development
Capital Improvements
Parks & Recreation
Finance & Administration
Fire Services
Debt Payments
Police Services
Interfund Charges & Transfers
TOTAL BUDGET
00/01
00/01
01/02
02/03
Amended
Projected
Adopted
Projected
99/00 Actual Budget
Budget
Budget
Budget
1,282,168
1,280,982
1,265,495
1,758,901
1,483,686
11,025,621
12,697,733
12,678,481
15,723,962
16,313,970
2,023,225
2,546,291
2,184,320
6,075,236
5,095,630
958,331
1,137,843
1,045,655
989,998
1,108,016
13,622,986
12,542,100
15,509,376
14,238,000
13,700,000
4,538,110
5,228,089
5,122,693
0
0
323,411
351,756
336,458
670,504
670,233
12,535,898
29,771,105
18,659,003
21,350,600
9,443,150
2,227,262
2,723,344
2,708,445
2,664,393
2,562,035
3,164,562
3,549,412
3,508,621
6,175,144
5,936,810
2,534,939
3,112,891
3,107,219
3,290,959
3,290,959
4,490,364
6,046,032
6,187,209
6,330,756
6,464,236
3,857,391
4,221,508
4,081,321
4,297,742
4,209,510
9,555,261
8,373,103
8,668,602
4,051,131
4,782,586
72,139,529 93,582,189 85,062,898 87,617,326 75,060,821
15
Property Tax Revenues
8,000,000
6,000,000
Debt Service
4,000,000
2,000,000 VI I General Fund Revenue
0
96/97 97/98 98/99 99/00 00/01 01/02 02/03' 03/04' 04/05' 05/06'
'Projected
Taxable Property Values
3,000,000,000
2,500,000,000
2,000,000,000
1,500,000,000
1,000,000,000
500,000,000
0
96/97 97/98 98/99 99/00 00/01
01/02 02/03' 03/04' 04/05' 05/06'
'Projected
Fiscal Year 96/97
97/98
98/99
99/00
00/01
01/02
02/03*
03/04*
04/05*
05/06*
Property Tax Revenues:
(in thousands)
General Fund 1,298
2,036
2,505
2,919
3,223
3,787
4,268
4,649
4,875
5,094
Debt Service 1,168
1,360
1,741
1,867
1,864
2,125
2,122
2,049
1,734
1,732
Property Values:
(in millions)
Existing Property 561
775
1,039
1,313
1,519
1,809
1,997
2,150
2,291
2,437
New & Annexed 92
210
156
114
110
130
90
75
75
75
Property
Tax Rates
Per $100 - taxable 0.379
0.350
0.350
0.340
0.314
0.307
0.313
0.304
0.295
0.287
valuation
*Projected
Taxes:
Taxes are levied on January 1 of each year and are considered past due on February 1 of the
following year. Property tax roles are certified in July and the tax rate is adopted in September, along
with the budget. The City's tax collector, currently the Williamson County Tax Collector, sends
statements in October to each taxpayer.
Taxable Valuations:
Taxable values have risen steadily since 1994 due to rapid residential growth. Commercial and retail
growth have also increased steadily during that period.
New construction permits averaged 800-1,200/year since 1996.
Growth outlook on construction permits is expected at 1,200 annually.
Values on existing property have risen annually 6-9% the last three years.
2001/02 new values include 130 million in new construction.
Adopted Property Tax Rate for 2001/02 is $0.30708/$100 valuation:
Represents a 7.74% increase over the effective rate of $0.28501
Breakdown:
Maintenance and Operations (General Fund) $0.19449
Debt Service (payment on existing debt) $0.11259
Future Projections:
Council sets the tax rate each year. Full compliance of the City's new fiscal policy is planned for
2004. A property tax increase is projected for 2003, which should complete funding of the General
Fund operating revenue shortfall, and provide policy compliance. This plan is based on the following
assumptions:
Continued new property growth of $90 million next year and $75 million in 2004, with a 3%
annual increase in existing valuations.
No annexations are included.
Tax rates do not include additional debt for future streets, or other capital improvements.
17
The City receives 1.5% of the 7.75% sales and uses taxes that are remitted by retailers within the City limits. Of this
amount, 1 % is used for general operating purposes, with the other .5% used for transportation improvements through
the Georgetown Transportation Enhancement Corporation. The remaining 6.25% is collected and retained by the State
of Texas.
The City's sales tax base is diverse, with revenues being generated by national grocery and other retailers, building
supply stores, utilities, etc. The heavy residential growth over the past few years has also created a demand for more
restaurants and other retailers, which have expanded the City's tax base.
2000/01 sales tax receipts are expected to exceed prior years by 3.5%.
Future revenues are projected at 1.5% - 3% annually.
18
�F GEORC�,�
�o
QED
This page intentionally left blank.
19
20
Wastewater Revenue
'55 .89M
S5.59M
'S5.24M
'
'54.81 M
'54.07M
$3.96M
S3.SSM
S3.26 .39M
$7,000,000
$6,000,000
$5,000,000
54.95M
$4,000,000
$3,000,000 $3.21M
$2,000,000
$1,000,000
$0
95/96 96/97 97/98 98/99 99/00
00/01` 01/02' 02/03' 03/04' 04/05' 05/06•
'Projected
Utility Revenues:
The revenues shown on these graphs include tap or hookup fees. Developer contributions, such as capital
recovery or impact fees and interest are presented elsewhere.
Generally, utility revenue projections are based on projected customer growth for each utility. Because the City
provides services outside its incorporated boundaries, customer growth can exceed population growth.
Conversely, annexations do not impact the utility customer base.
Electric and Water Revenues:
► Calculated on a four-year rolling average of per capita consumption.
► Highly subject to variations in weather conditions.
► Assumes a 4.5% customer growth for Electric through the next five years as the City adjusts to a
deregulated market.
► Assumes a 5% customer growth for Water for the next four years and a 4% annual growth thereafter.
► Assumes a water volumetric rate increase for 2002 for each customer to fund the costs of additional
water rights and the line from Lake Stillhouse to Georgetown's water plants.
The City continues to be proactive in planning for regional water needs. The City has signed additional
agreements with Brazos River Authority to ensure future water needs are met. Major treatment and system
expansions will be made as growth occurs and are included in the 5 -year capital improvements schedule.
Wastewater Revenues:
► Based on average monthly billings adjusted for customer growth.
► Assumes a 4% customer growth over the next five years.
► Assumes a change in policy for commercial customers to pay for actual wastewater use in the summer
months, rather than the current policy of winter averaging their summer bills.
The new Pecan Branch Wastewater Treatment Plan is scheduled for completion in 2001/02, to accommodate the
growth in customers.
e�
'55 .89M
S5.59M
'S5.24M
'
'54.81 M
'54.07M
$3.96M
S3.SSM
S3.26 .39M
Utility Revenues:
The revenues shown on these graphs include tap or hookup fees. Developer contributions, such as capital
recovery or impact fees and interest are presented elsewhere.
Generally, utility revenue projections are based on projected customer growth for each utility. Because the City
provides services outside its incorporated boundaries, customer growth can exceed population growth.
Conversely, annexations do not impact the utility customer base.
Electric and Water Revenues:
► Calculated on a four-year rolling average of per capita consumption.
► Highly subject to variations in weather conditions.
► Assumes a 4.5% customer growth for Electric through the next five years as the City adjusts to a
deregulated market.
► Assumes a 5% customer growth for Water for the next four years and a 4% annual growth thereafter.
► Assumes a water volumetric rate increase for 2002 for each customer to fund the costs of additional
water rights and the line from Lake Stillhouse to Georgetown's water plants.
The City continues to be proactive in planning for regional water needs. The City has signed additional
agreements with Brazos River Authority to ensure future water needs are met. Major treatment and system
expansions will be made as growth occurs and are included in the 5 -year capital improvements schedule.
Wastewater Revenues:
► Based on average monthly billings adjusted for customer growth.
► Assumes a 4% customer growth over the next five years.
► Assumes a change in policy for commercial customers to pay for actual wastewater use in the summer
months, rather than the current policy of winter averaging their summer bills.
The new Pecan Branch Wastewater Treatment Plan is scheduled for completion in 2001/02, to accommodate the
growth in customers.
e�
Capital Recovery Fee Revenue
$3,000,000
$2,500,000
$2,000,000
$1,500,000 Service Improvement Fees
$1,000,000
$500,000
Impact Fees
$o
96/97 97/98 98/99 99/00 00/01' 01/02' 02/03' 03/04' 04/05' 05/06'
"Projected
Fiscal Year
96/97
97/98
98/99
99/00
00/01*
01/02•
02/03'
03/04'
04/05'
05/06'
(in thousands)
Service Improvement
Fees:
Water
1,017
866
632
747
840
828
828
828
828
828
Wastewater
622
530
386
386
413
413
413
413
413
413
Total
1,639
1,396
1,018
1,133
1,253
1,241
1,241
1,241
1,241
1,241
Impact Fees:
Water
169
204
410
495
680
400
400
400
400
400
Wastewater
106
135
245
329
550
350
350
350
350
350
Total
275
339
655
824
1,230
750
750
750
750
750
Service Improvement Fees:
► Del Webb/Sun City
These fees are collected from Sun City Texas on a per unit basis to offset costs of infrastructure
improvements to serve the development. The fees, similar to impact fees, are collected for water,
wastewater, streets and public safety improvements as a part of the development agreement for the 12-
15 year build out for the project.
► Water Service Improvement Fees $1,986 per unit
► Wastewater Service Improvement Fees$1,215 per unit
► Streets and Fire fees are not significant and are presented as a part of other revenues
► Escalara Ranch
These fees are collected from the developer on a per unit basis to offset the cost of water improvements
to the development. The fee of $3,391 per unit is being collected as the build -out continues.
Impact Fees:
In 1996, the City adopted water and wastewater impact fees under Chapter 395 of the Texas Local
Government Code. These revenues are used as partial funding for qualifying water and wastewater
infrastructure projects.
22
Other Enterprise Fund Revenues
$3,000,000
$2,500,000
$2,000,000
$1,500,000 Sanitation
Airport
$1,000,000
$500,000
Stormwater Drainage Irrigation
$0 94/95 95/96 96/97 97/98 98/99 99/00 00/01' 01/02' 02/03'
*Projected
Fiscal Year
94/95
95/96
96/97
97/98
98/99
99/00*
00/01*
01/02*
02/03*
(in thousands)
Stormwater Drainage
100
260
327
461
616
668
699
937
952
Airport
379
458
603
596
724
1,324
1,487
1,514
1,534
Sanitation
1,147
1,292
1,507
1,680
1,910
2,358
2,358
2,507
2,620
Irrigation
453
710
Sanitation Revenue:
Sanitation revenue includes fees collected for curbside garbage pick-up and recycling, special pick-ups and
fees for the City's collection station. Rates increased in December 2000 to offset rising operational costs
by the City's sanitation contractor. Growth in the City's customer base continues to be steady and no rate
increase is planned for 2002.
Airport Revenue:
Airport revenue consists primarily of fuel sales, T -hangar rentals and tie -down fees. A 63 -space T -hangar
was completed in January 2000, to accommodate demand for hangar rental space, therefor increasing
revenue.
Stormwater Drainage Revenue:
Revenue for stormwater drainage is collected on a per unit basis to pay for maintenance of drainage,
detention and filtration infrastructure and to pay for the debt service on bonds issued for major capital
improvements to the City's drainage infrastructure. A $0.65 rate increase will be implemented in December
2001 to offset increases in the maintenance costs.
Irrigation Revenue:
Revenue for irrigation reflects effluent and non -potable water sales to large commercial irrigation customers,
such as golf courses. The utility was created in 2001/02 to provide an irrigation water source, thus
decreasing the demand for treated water.
23
Other Miscelig" ous Revenues
$6,000,000
$5,000,000
$4,000,000
$3,000,000 Miscellaneous Revenue
$2,000.000 Interest Income
$1.000,000 Franchise Fees
Grant Revenue
$0
95/96 96/97 97/98 98/99 99/00 00/01' 01/02' 02/03'
'Projected
Fiscal Year
95/96
96/97
97/98
98/99
99/00
00/01'
01/02*
02/03'
(in thousands)
Interest Income
1,054
819
1,296
1,653
1,962
1,579
1,200
1,188
Grant Revenue
540
1,212
1,184
308
945
530
116
459
Miscellaneous Revenue
2,099
2,365
4,053
2,783
3,208
4,323
4,659
4,753
Franchise Fees
768
813
974
1,052
1,368
1,409
1,449
1,502
Interest Income:
Interest revenue peaked in 1999/2000 due to the investment of proceeds from 1999 bond issues. The Federal
Reserve has cut interest rates over the past year, thus lowering projected interest revenue. Projections are
based on anticipated cash balances from contingency reserves, bond proceeds invested through the life of
construction projects and fund balances.
Grant Revenue:
The City receives grants for a variety of purposes. Grant applications are approved by Council. The City
budgets for grants that have been approved and awarded by the granting agency. Grant revenue peaked in
1997 and 1998 due to a high number of grants for economic development, parks improvements and law
enforcement.
Miscellaneous Revenue:
Revenues of funds not falling into another category are classified as miscellaneous revenue. This source
of funding is expected to rise due to fee increases, including building permits, fines, parks fees, recreation
charges and other user fees. Surplus property sales and donations are also included in this category.
Franchise Fee Revenue:
The City receives revenue from franchise fees. These fees are paid by the City and outside utilities for use
of rights of way and public properties and are collected to offset the cost of street maintenance.
24
�EORG
� O
titi �
ED
This page intentionally left blank.
25
All Funds Summary
USES & EXPENSES.'
GENERAL
GENERAL'
Georgetown Utility System
15,723,962
2,109,076
SPECIAL
CAPITAL:
DEBT
Purchased Power
TOTAL
GENERAL
REVENUE:!
PROJECTS
<:SERVICE;:
Planning & Development
.:BUDGET
FUND
FUNDS
FUNDS
FUND:i;a:
Beginning Fund Balances /
25,959,714
4,079,943
390,457
6,182,657
529,457
Working Capital
6,175,144
195,985
40,195
SOURCES & REVENUES:
3,290,959
3,290,959
Property taxes
5,912,698
3,787,300
6,284
2,125,398
Sales taxes
3,640,000
3,640,000
54,431
Bond Proceeds
1,500,000
2,451,247
213,146
Charges for Services
7,844,035
719,165
129,272
Capital Recovery Fees
1,064,500
314,500
Special Improvement Fees
1,240,935
2,183,398
Utility Revenues
37,983,376
5,156
Grants
115,945
115,945
Total Uses & Expenses
87,617,326
Interest
1,199,776
158,788
2,183,398
175,229
58,000
Other Revenue
9,752,538
4,241,568
536,478
1,000,000
Interfund Transfers - ROI, Etc.
3,942,115
3,447,240
RESERVATIONS:
Interfund Transfers - Balancing
109,016
5,156
Contingency
8,500,000
2,325,000
60,000
Total Revenues
74,304,934
15,994,061
657,579
1,489,729
2,183,398
USES & EXPENSES.'
Georgetown Utility System
15,723,962
2,109,076
Purchased Power
14,238,000
Planning & Development
1,758,901
1,758,901
Economic Development
670,504
328,922
Finance & Administration
6,175,144
195,985
40,195
Fre Services
3,290,959
3,290,959
Information Resources
989,998
6,284
Management Services
6,075,236
3,624,318
54,431
Parks & Recreation
2,664,393
2,451,247
213,146
Police Services
4,297,742
4,168,470
129,272
Capital Improvements
21,350,600
6,970,000
Debt Payments
6,330,756
2,183,398
Interfund Transfers
4,051,131
5,156
Total Uses & Expenses
87,617,326
17,604,112
772,250
6,970,000
2,183,398
Ending Fund Balance/
12,647,322
2,469,892
275,786
702,386
529,457
Working Capital
RESERVATIONS:
Contingency
8,500,000
2,325,000
60,000
Capital Projects/Other
3,303 143
215,786
702,386
529,457
Available Fund Balance/
844,179
144,892
0
0
0
Working Capital
(1) Includes Airport, Sanitafion, Storm water
Drainage & Irrigation Funds
26
All Funds Summary
USES & EXPENSES:
Georgetown Utility System
Purchased Power
Planning & Development
Economic Development
Finance & Administration
Fire Services
Information Resources
Management Services
Parks & Recreation
Police Services
Capital Improvements
Debt Payments
Interfund Transfers
Total Uses & Expenses
Ending Fund Balance /
Working Capital
RESERVATIONS.,
Contingency
Capital Projects/Other
Available Fund Balance/
Working Capital
(1) Includes Airport, Sanitation, Stormwater
Drainage & Irrigation Funds
3,889,386
ELECTRIC
WASTEWA ER;
1NATER
ENCEAPRISE
SERVICE..
818,025
FUND
FUND
:FUND
Ft}NDS t
FUNDS
Beginning Fund Balances/
4,266,384
3,794,468
5,830,531
377,217
508,600
Working Capital
3,546,425
SOURCES & REVENUES.'
1,226,064
1,170,423
Property taxes
3,050,000
6,350,000
975,000
1,184,623
Sales taxes
1,322,745
449,892
1,765,000
889 085
Bond Proceeds
1,500,000
55,460
25,082,609
8,029,005
7,124,870
Charges for Services
7,355,400
Capital Recovery Fees
350,000
400,000
Special Improvement Fees
413,100
827,835
Utility Revenues
21,188,600
4,807,000
8,091,000
3,896,776
Grants
Interest
182,825
215,300
275,627
29,507
104,500
Other Revenue
1,154,247
551,385
642,780
1,616,080
10,000
Interfund Transfers - ROI, Etc.
494,875
Interfund Transfers - Balancing
103,860
Total Revenues
24,025,672
6,336,785
10,237,242
6,037,238
7,343,230
USES & EXPENSES:
Georgetown Utility System
Purchased Power
Planning & Development
Economic Development
Finance & Administration
Fire Services
Information Resources
Management Services
Parks & Recreation
Police Services
Capital Improvements
Debt Payments
Interfund Transfers
Total Uses & Expenses
Ending Fund Balance /
Working Capital
RESERVATIONS.,
Contingency
Capital Projects/Other
Available Fund Balance/
Working Capital
(1) Includes Airport, Sanitation, Stormwater
Drainage & Irrigation Funds
3,889,386
2,899,822
4,946,369
621,513
1,257,796
14,238,000
818,025
700,000
161,362
109,447 184,223
77,969
341,582
2,392,539
3,546,425
983,714
1,226,064
1,170,423
4,005,600
3,050,000
6,350,000
975,000
1,184,623
1,190,098
1,322,745
449,892
1,765,000
889 085
1,020,690
315,740
55,460
25,082,609
8,029,005
13,639,804
5,980,748
7,355,400
3,209,447 2,102,248
2,427,969
433,707
3,100,000 1,100,000
1,650,000
265,000
818,025
700,000
161,362
109,447 184,223
77,969
7,345
27
496,430
320,303
General Fund
28
00/01
01/02
02103
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Fund Balance
2,971,515
3,711,260
4,620,075
4,079,943
2,469,892
REVENUES:
Property Taxes
2,919,150
3,230,000
3,222,964
3,787,300
4,268,250
Sales Taxes
3,416,760
3,600,000
3,550,000
3,640,000
3,715,000
Interest
209,815
166,403
183,194
158,788
158,788
Administrative Charges
821,512
929,714
854,761
719,165
719,165
All Other Revenue
3,188;258
2,954,705
3,513,832
4,230,768
4,283,656
Return on Investment
2,618,207
2,638,758
2,886,158
3,458,040
3,509,740
Transfers In
3,102,400
1,962,400
1,962,400
Total Revenues
16,276,102
15,481,980
16,173,309
15,994,061
16,654,599
EXPENSES:
Community Services
1,424,163
1,605,666
1,571,887
Finance & Administration
156,030
170,426
169,928
195,985
195,985
Fire Services
2534,939
3,112,891
3,107,219
3,290,959
3,290,959
Georgetown Utility System
1,044,247
1,549,175
1,508,628
2,109,076
2,259,076
Management Services
677,710
900,181
828,021
2,573,724
2,599,867
Parks and Recreation
2029,063
2,446,560
2440,509
2,451,247
2,416,247
Planning & Development
1,282,168
1,280,982
1,265,495
1,758,901
1,483,686
Police Services
3,588,983
4,046,944
3,896,240
4,168,470
4,206,970
Interfund Nondept'I Chrg
1,062,712
1,124,389
1,172,488
1,050,594
1,050,594
Transfers Out
827,527
753,026
753,026
5,156
14,100
Total Expenses
14,627,542
16,990,240
16,713,441
17,604,112
17,517,484
Ending Fund Balance
4,620,075
2,203,000
4,079,943
2,469,892
1,607,007
RESERVATIONS:
Contingency
2,203,000
2203,000
2,203,000
2,325,000
2325,000
Available Fund Balance
2,417,075
0
1,876,943
144,892
(717,993)
28
Fund Description:
The General Fund is used to account for resources traditionally associated with government which are not required
legally or by sound financial management to be accounted for in another fund.
Significant Issues/Comments:
► The City implemented a new fiscal and budgetary policy to reduce the operating shortfall and the Fund's
dependency on transfers to the utility fund. The policy eliminates the operating deficit by 2004.
► The Community Services division was eliminated to reduce administrative costs. General Fund departments
for the management of social service contracts, Animal Services and the Public Library were restructured to
be included in the Management Services division.
► Funds for streets maintenance, including microsurfacing ($350,000), overlay ($125,000), seal coat ($25,000)
and sidewalk repairs ($75,000) were moved into the Streets maintenance budget from the capital
improvements budget in 2002.
► Planning and Development will increase staff to provide faster tum around time on building inspections. Other
Planning projects include staffing for the implementation of a Geographic Information System; funds for the
implementation of the downtown overlay district to ensure that the downtown historic character is maintained
and enhanced; and funds to revise development codes and update the Georgetown Century Plan.
► Police Services eliminated three special duty positions and will add a warrant officer to enhance the City's
warrant collections and two motorcycle officers to increase safety through traffic enforcement.
29
Expenditures 2001/02
Revenues 2001/02
Tfr In -
Intfd
Return on Admin
Nondrg
Inv.
Inv. Charges
Chrg
Police Svcs 6.8%
26.9%
Fund
Dev Svcs
Balance
11.4%
3%
Interest &
F&A
Other
1.3%
27%
Mgt Svcs
16.6% Fire Svcs
Sales Taxes
21.2%
22%
Parks
Property
15.8%
Taxes
23%
Fund Description:
The General Fund is used to account for resources traditionally associated with government which are not required
legally or by sound financial management to be accounted for in another fund.
Significant Issues/Comments:
► The City implemented a new fiscal and budgetary policy to reduce the operating shortfall and the Fund's
dependency on transfers to the utility fund. The policy eliminates the operating deficit by 2004.
► The Community Services division was eliminated to reduce administrative costs. General Fund departments
for the management of social service contracts, Animal Services and the Public Library were restructured to
be included in the Management Services division.
► Funds for streets maintenance, including microsurfacing ($350,000), overlay ($125,000), seal coat ($25,000)
and sidewalk repairs ($75,000) were moved into the Streets maintenance budget from the capital
improvements budget in 2002.
► Planning and Development will increase staff to provide faster tum around time on building inspections. Other
Planning projects include staffing for the implementation of a Geographic Information System; funds for the
implementation of the downtown overlay district to ensure that the downtown historic character is maintained
and enhanced; and funds to revise development codes and update the Georgetown Century Plan.
► Police Services eliminated three special duty positions and will add a warrant officer to enhance the City's
warrant collections and two motorcycle officers to increase safety through traffic enforcement.
29
Electric Fund
30
00/01
01/02
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
5,380,832
4,619,398
4,765,415
4,266,384
3,209,447
REVENUES:
Electric Services
20,790,680
19,543,796
22,297,837
21,188,600
20,892,550
Bond Proceeds
1,566,523
1,074,500
1,108,333
1,500,000
2,054,300
Interest
251,628
236,253
252,803
182,825
234,100
All Other Revenue
733,055
748,550
1,087,739
1,154,247
1,175,332
Transfers In
7,355
30,017
30,017
Total Revenues
23,349,241
21,633,116
24,776,729
24,025,672
24,356,282
EXPENSES:
Georgetown Utility System
2,905,271
3,149,299
3,212,633
3,889,386
3,902,011
Purchased Power
13,622,986
12,542,100
15,509,376
14,238,000
13,700,000
Capital Projects
3,222,821
3,349,150
2,483,683
4,005,600
3,763,150
Debt Payments
681,038
996,165
1,078,518
1,184,623
1,325,768
Transfers Out
3,532,542
2,815,800
2,991,550
1,765,000
1,743,000
Total Expenses
23,964,658
22,852,514
25,275,760
25,082,609
24,433,929
Ending Working Capital
4,765,415
3,400,000
4,266,384
3,209,447
3,131,800
RESERVATIONS:
Contingency
3,000,000
3,400,000
3,400,000
3,100,000
3,100,000
Available Working Capital
1,765,415
0
866,384
109,447
31,800
30
Fund Description:
The Electric Fund is used to account for the revenues from all operating and maintenance activities of the
utility and the expenses of the departments, which support those activities. This includes the Electric
department, the Automated Meter Reading (AMR) Department, purchased power costs, debt payments and
capital projects. The fund also makes transfers out to the General Fund for the City's return on investment
for the Electric utility.
Significant Issues/Comments:
Purchased power costs included a fuel surcharge implemented by the Lower Colorado River Authority,
the City's wholesale supplier. This surcharge, which was passed along to the Citys customers, will be
phased out by January 2002.
The Electric and Water funds share the maintenance of the City s Customer Choice and Control (CCC)
system for automated meter reading. The City will bring a contract employee on staff to save costs in
2002 and will also add an additional technician to maintain the growing system.
Capital projects are funded through operating revenues and debt when necessary. In 2002, $1.7 million
of operating revenues and $1.5 million of bond proceeds fund the annual capital projects plan.
31
Wastewater Fund
32
00/01
01/02
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
3,166,013
6,790,192
7,274,099
3,794,468
2,102,248
REVENUES:
Wastewater Services
3,961,417
4,000,000
4,072,000
4,807,000
4,947,000
Bond Proceeds
1,317,787
792,000
791,667
Capital Recovery Fees
328,602
165,000
550,000
350,000
350,000
Special Improvement Fees
386,370
394,875
413,100
413,100
413,100
Interest
359,497
261,675
367,714
215,300
189,175
All Other Revenue
614,715
376,600
910,600
551,385
585,600
Transfers In
1,344,997
825,450
825,450
Total Revenues
8,313,385
6,815,600
7,930,531
6,336,785
6,484,875
EXPENSES:
Georgetown Utility System
2,082,853
2,153,576
2,232,306
2,899,822
3,265,682
Capital Projects
1,033,716
9,172,000
7,681,667
3,050,000
2,130,000
Debt Payments
791,737
1,118,916
1,177,739
1,190,098
1,185,916
Transfers Out
296,993
286,300
318,450
889,085
469,260
Total Expenses
4,205,299
12,730,792
11,410,162
8,029,005
7,050,858
Ending Working Capital
7,274,099
875,000
3,794,468
2,102,248
1,536,265
RESERVATIONS:
Contingency
550,000
875,000
875,000
1,100,000
1,100,000
Reservation for CIP
473,720
818,025
350,000
Available Working Capital
6,250,379
0
2,919,468
184,223
86,265
32
Revenues 2001/02 Expenses 2001/02
Transfers
0 /
SIP & CR Other Debt Transfers1
%
Fees 7% Payments
Interest 6% 15%
3°%
Operating
36%
astewater
Fund Balance Services
21% 59%
Capital -
Projects
38%
Fund Description:
The Wastewater Fund is used to account for the revenues from all operating and maintenance activities of the
utility and the expenses of the departments, which support those activities. This includes the Wastewater
Collection and Wastewater Treatment Facilities departments, debt payments and capital projects. The fund also
makes transfers out to the General Fund for the City's return on investment for the Wastewater utility.
Significant Issues/Comments:
The Pecan Branch Wastewater Treatment Plant, which will add 1.5 million gallons of treatment capacity, is
scheduled for completion in 2002. Additional operating costs will be incurred for the plant in the 2002/03
fiscal year.
The City will change its policy for commercial wastewater customers to bill for actual consumption during the
summer months rather than the current policy which allows for "winter averaging" of the summer bills.
Capital projects are funded through operating revenues, service improvement fees, impact fees and debt
when necessary. In 2002, operating revenues, impact fees and service improvement revenues fund the
projects.
33
Water Fund
34
00/01
01/02
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
5,796,582
4,841,391
5,737,438
5,830,531
2,427,969
REVENUES:
Water Services
7,488,739
6,715,000
6,940,000
8,091,000
8,443,200
Bond Proceeds
1,435,690
Capital Recovery Fees
494,638
268,125
680,000
400,000
400,000
Special Improvement Fees
784,143
798,045
840,475
827,835
827,835
Interest
428,523
203,048
307,398
275,627
263,895
Grants
147,450
147,450
All Other Revenue
673,617
435,000
965,510
642,780
696,980
Total Revenues
11,305,350
8,566,668
9,880,833
10,237,242
10,631,910
EXPENSES:
Georgetown Utility System
3,684,560
4,346,062
4,230,360
4,946,369
4,996,000
Capital Projects
3,894,053
3,007,930
1,794,063
6,350,000
2,250,000
Debt Payments
933,720
1,310,217
1,310,217
1,322,745
1,316,719
Transfers Out
2,852,161
2,413,850
2,453,100
1,020,690
939,240
Total Expenses
11,364,494
11,078,059
9,787,740
13,639,804
9,501,959
Ending Working Capital
5,737,438
2,330,000
5,830,531
2,427,969
3,557,920
RESERVATIONS:
Contingency
2,025,000
1,700,000
1,700,000
1,650,000
1,650,000
Conservation Rate
150,000
310,000
330,000
170,000
Reservation for CIP
320,000
700,000
1,625,000
Available Working Capital
3,562,438
0
3,800,531
77,969
112,920
34
Fund Description:
The Water Fund is used to account for the revenues from all operating and maintenance activities of the utility
and the expenses of the Utility Contracts, Water Distribution and Water Treatment Facility departments, which
support those activities. Water expenses also include debt payments, capital costs and the transfers out to
the General Fund for the City s return on investment for the Water utility.
Significant Issues/Comments:
► The City prepared a cost of service study in 2001, which indicated a volumetric rate increase was
necessary to sustain the increasing costs of providing service. The rate increase of $0.18/1000 gallons
for residents, along with other increases for non-residents, will be implemented in October 2001.
► Water supply is provided through agreements with the Brazos River Authority. BRA expenses increase
due to the Stillhouse raw water line costs and the addition of 6744 acre feet of new long-term water
contracted in 2002.
► A Water/Wastewater crew will be added to the staff to maintain the City's growing infrastructure.
► Capital projects are funded through operating revenues, service improvement fees, impact fees and debt
when necessary. In 2002, all capital projects are funded through operating revenues, impact fees and
service improvement revenues.
35
Revenues 2001/02
Expenses 2001102
Debt Transfers
SIP & CR Interest Other
Payments 7%
Fees 2% 5%
10%
9%
Operating
36%
Fund
Balance
25%
Water
Services
59%
Capital
Projects
47%
Fund Description:
The Water Fund is used to account for the revenues from all operating and maintenance activities of the utility
and the expenses of the Utility Contracts, Water Distribution and Water Treatment Facility departments, which
support those activities. Water expenses also include debt payments, capital costs and the transfers out to
the General Fund for the City s return on investment for the Water utility.
Significant Issues/Comments:
► The City prepared a cost of service study in 2001, which indicated a volumetric rate increase was
necessary to sustain the increasing costs of providing service. The rate increase of $0.18/1000 gallons
for residents, along with other increases for non-residents, will be implemented in October 2001.
► Water supply is provided through agreements with the Brazos River Authority. BRA expenses increase
due to the Stillhouse raw water line costs and the addition of 6744 acre feet of new long-term water
contracted in 2002.
► A Water/Wastewater crew will be added to the staff to maintain the City's growing infrastructure.
► Capital projects are funded through operating revenues, service improvement fees, impact fees and debt
when necessary. In 2002, all capital projects are funded through operating revenues, impact fees and
service improvement revenues.
35
Airport Fund
Fund Description:
The Airport fund is used to account for revenues and expenses related to the operation and maintenance
of the Georgetown Municipal Airport. Capital improvements for the Airport and debt payments on
outstanding debt for the Airport fund are also accounted for here.
Significant Issues/Comments:
► The completion of the expanded terminal building is scheduled in 2002, with additional maintenance,
insurance and utility costs included as on-going expenses.
► Fuel sales and accompanying fuel costs fluctuate according to demand.
► Capital projects are funded through operating revenues and grants, as well as debt, when necessary.
The parking lot at the terminal building which is funded through operating revenues, is included for
2002.
36
00/01
01/02
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
506,411
272,954
297,821
172,267
311,362
REVENUES:
Fuel & Terminal Sales
986,169
973,180
1,074,380
1,095,380
1,115,380
Leases & Rents
337,595
412,921
412,921
419,500
419,500
Interest
21,517
34,009
21,710
9,009
9,009
All Other Revenue
55,431
254,410
259,590
51,500
503,000
Transfers In
1,412
11,320
11,320
Total Revenues
1,402,124
1,685,840
1,779,921
1,5755389
2,046,889
EXPENSES.,
Community Services
1,108,858
1,128,900
1,258,177
1,226,064
1,269,364
Capital Projects
329,781
475,820
472,146
15,000
510,000
Debt Payments
172,075
175,152
175,152
195,230
201,395
Total Expenses
1,610,714
1,779,872
1,905,475
1,436,294
1,980,759
Ending Working Capital
297,821
178,922
172,267
311,362
377,492
RESERVATIONS:
Contingency
150,000
150,000
150,000
150,000
150,000
Capital Projects
122,954
28,922
22,267
161,362
227,492
Available Working Capital
24,867
0
0
0
0
Fund Description:
The Airport fund is used to account for revenues and expenses related to the operation and maintenance
of the Georgetown Municipal Airport. Capital improvements for the Airport and debt payments on
outstanding debt for the Airport fund are also accounted for here.
Significant Issues/Comments:
► The completion of the expanded terminal building is scheduled in 2002, with additional maintenance,
insurance and utility costs included as on-going expenses.
► Fuel sales and accompanying fuel costs fluctuate according to demand.
► Capital projects are funded through operating revenues and grants, as well as debt, when necessary.
The parking lot at the terminal building which is funded through operating revenues, is included for
2002.
36
Sanitation Fund
Fund Description:
The Sanitation Fund is used to account for revenues from all operating and maintenance activities of the
utility and the expenses of the departments which support those activities. Sanitation includes operating
costs for the City s payment to a private contractor for solid waste disposal services, as well as costs for an
employee to provide education and support for the citizens' sanitation needs.
Significant Issues/Comments:
Customer growth over the past few years have caused increases in revenues and expenses.
Rates for Sanitation services are based on the City s contract with a private contractor for solid waste
disposal services. No rate increase is scheduled for 2002.
37
00/01
01/02
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
68,122
57,579
88,493
108,008
56,019
REVENUES:
Sanitation Services
2,089,029
2,538,000
2,358,400
2,506,500
2,620,000
All Other Revenue
34,196
35,750
35,750
37,550
39,405
Transfers In
4,527
Total Revenues
2,127,752
2,573,750
2,394,150
2,544,050
2,659,405
EXPENSES:
Community Services
1,979,998
2,438,879
2,230,985
2,392,539
2,400,345
Transfers Out
127,383
142,450
143,650
203,500
212,800
Total Expenses
2,107,381
2,581,329
2,374,635
2,596,039
2,613,145
Available Working Capital
88,493
50,000
108,008
56,019
102,279
RESERVATIONS:
Contingency
50,000
50,000
50,000
50,000
50,000
Available Fund Balance
38,493
0
58,008
6,019
52,279
Fund Description:
The Sanitation Fund is used to account for revenues from all operating and maintenance activities of the
utility and the expenses of the departments which support those activities. Sanitation includes operating
costs for the City s payment to a private contractor for solid waste disposal services, as well as costs for an
employee to provide education and support for the citizens' sanitation needs.
Significant Issues/Comments:
Customer growth over the past few years have caused increases in revenues and expenses.
Rates for Sanitation services are based on the City s contract with a private contractor for solid waste
disposal services. No rate increase is scheduled for 2002.
37
Stormwater Drainage Fund
Fund Description:
The Stormwater Fund is used to account for all operating and maintenance activities of the City's drainage
system and the debt payments for bonds issued in past years to improve drainage problems.
Significant Issues/Comments:
The per unit cost for Stormwater Drainage will increase from $2.25 to $2.90. This increase will fund
service improvements, including the addition of staff to maintain detention ponds and drainage culverts
within the City.
City engineers have prepared a complete Stormwater Drainage Regional plan, which outlines future
capital improvements that are needed to improve drainage in the City. Additional capital and infrastructure
improvements will require additional future rate increases.
38
00/01
01102
02/03
99/00
00/01
PROJECTED
ADOPTED
PROJECTED
ACTUAL
BUDGET
ACTUAL
BUDGET
BUDGET
Beginning Working Capital
1,191,649
834,850
846,975
96,942
66,326
REVENUES:
Stormwater Fees
668,081
715,778
699,000
937,276
951,550
Interest
71,090
1,800
31,800
7,023
3,965
All Other Revenue
10,132
11,550
14,910
12,150
12,755
Transfers In
3,158
9,743
9,743
Total Revenues
752,461
738,871
755,453
956,449
968,270
EXPENSES:
Georgetown Utility Systems
413,382
484,849
482,563
596,413
600,025
Capital Projects
450,013
732,212
732,212
60,000
25,000
Debt Payments
193,050
193,110
193,111
254,662
254,024
Transfers Out
40,690
98,550
97,600
75,990
77,840
Total Expenses
1,097,135
1,508,721
1,505,486
987,065
956,889
Ending Working Capital
846,975
65,000
96,942
66,326
77,707
RESERVATIONS:
Contingency
65,000
65,000
65,000
65,000
65,000
Available Working Capital
781,975
0
31,942
1,326
12,707
Fund Description:
The Stormwater Fund is used to account for all operating and maintenance activities of the City's drainage
system and the debt payments for bonds issued in past years to improve drainage problems.
Significant Issues/Comments:
The per unit cost for Stormwater Drainage will increase from $2.25 to $2.90. This increase will fund
service improvements, including the addition of staff to maintain detention ponds and drainage culverts
within the City.
City engineers have prepared a complete Stormwater Drainage Regional plan, which outlines future
capital improvements that are needed to improve drainage in the City. Additional capital and infrastructure
improvements will require additional future rate increases.
38
Irrigation Fund
Fund Description:
The Irrigation Fund is used to account for sales of effluent and non -potable water to large commercial
irrigation customers and the costs of providing infrastructure for the utility and maintenance on that
infrastructure.
Significant Issues/Comments:
The Irrigation Utility was created in 2001/02 to provide a source of irrigation to met the needs of large
commercial irrigation customers, such as golf courses.
A cost of service study was prepared in 2001 to set the rate for the irrigation utility at the cost of
providing the service. The rate is $0.54/1000 gallons.
Infrastructure will also be constructed in the City's San Gabriel Park to reduce irrigation costs for the
City's park system.
39
00/01
01/02
02103
99/00 00/01 PROJECTED
ADOPTED
PROJECTED
ACTUAL BUDGET ACTUAL
BUDGET
BUDGET
Beginning Working Capital
0 0 0
0
0
REVENUES:
Irrigation Fees
453,000
710,000
Interest
13,475
8,000
Transfers In
494,875
Total Revenues
0 0 0
961,350
718,000
EXPENSES:
Georgetown Utility System
25,100
36,280
Capital Improvements
900,000
Transfers Out
36,250
56,800
Total Expenses
0 0 0
961,350
93,080
Available Working Capital
0 0 0
0
624,920
Fund Description:
The Irrigation Fund is used to account for sales of effluent and non -potable water to large commercial
irrigation customers and the costs of providing infrastructure for the utility and maintenance on that
infrastructure.
Significant Issues/Comments:
The Irrigation Utility was created in 2001/02 to provide a source of irrigation to met the needs of large
commercial irrigation customers, such as golf courses.
A cost of service study was prepared in 2001 to set the rate for the irrigation utility at the cost of
providing the service. The rate is $0.54/1000 gallons.
Infrastructure will also be constructed in the City's San Gabriel Park to reduce irrigation costs for the
City's park system.
39
General Capital Projects Funds - Summary 2001/02
Fund Description:
Capital projects funds are used to account for the acquisition and construction of major capital facilities other
than those financed by Special Revenue (grants) and Enterprise Funds (i.e. utilities and airport).
Facilities, Parks & Public Safety Capital Projects Funds:
Includes funds for the implementation of the City's facilities construction plan, which includes renovation of the
Municipal Complex on Industrial Avenue for the Georgetown Utility System, Development Services and the
Utility Office, the renovation of the existing GUS complex for the Animal Shelter and the renovation of City Hall.
Funds to begin the process of selling the Williams Drive Pool and constructing a new pool next to the City's
Recreation Center are also included for 2002.
Streets Capital Projects Fund:
Includes revenues from the transportation fee received as a part of the City's development agreement with Sun
City Georgetown. Projects to be constructed with existing funding sources are included in the City's five-year
capital improvement program.
Transportation projects to be funded through the new 1/2 cent sales tax approved by voters in May will be
determined by the Georgetown Traffic Enhancement Corporation, the City s "46" corporation which oversees
this revenue. The board will be appointed by City Council in the Fall of 2001.
40
Facilities,
Streets
General
Parks &
Capital
Capital. Projects
Public Safety
Projects
Total
Beginning Fund Balance
4,773,345
1,409,312
6,182,657
REVENUES:
Interest
56,655
118,574
175,229
Service Improvement Fees
314,500
314,500
Sale of Property
1,000,000
1,000,000
Total Revenues
1,056,655
433,074
1,489,729
EXPENDITURES:
Capital Projects
5,830,000
1,140,000
6,970,000
Total Expenditures
5,830,000
1,140,000
6,970,000
Ending Fund Balance
0
702,386
702,386
Fund Description:
Capital projects funds are used to account for the acquisition and construction of major capital facilities other
than those financed by Special Revenue (grants) and Enterprise Funds (i.e. utilities and airport).
Facilities, Parks & Public Safety Capital Projects Funds:
Includes funds for the implementation of the City's facilities construction plan, which includes renovation of the
Municipal Complex on Industrial Avenue for the Georgetown Utility System, Development Services and the
Utility Office, the renovation of the existing GUS complex for the Animal Shelter and the renovation of City Hall.
Funds to begin the process of selling the Williams Drive Pool and constructing a new pool next to the City's
Recreation Center are also included for 2002.
Streets Capital Projects Fund:
Includes revenues from the transportation fee received as a part of the City's development agreement with Sun
City Georgetown. Projects to be constructed with existing funding sources are included in the City's five-year
capital improvement program.
Transportation projects to be funded through the new 1/2 cent sales tax approved by voters in May will be
determined by the Georgetown Traffic Enhancement Corporation, the City s "46" corporation which oversees
this revenue. The board will be appointed by City Council in the Fall of 2001.
40
Special Revenue Funds - Summary 2001102
BEGINNING ENDING
FUND FUND
FUND DIVISION/SECTION BALANCE REVENUES EXPENDITURES BALANCE
Animal Service Fund
Management Services
0
10,000
10,000
0
Cemetery Fund
Parks & Recreation
33,768
28,550
62,318
0
Court Fee Fund
Finance & Administration
20,195
20,000
40,195
0
Georgetown Village Public
Improvement District Fund
Parks & Recreation
7,006
29,500
36,506
0
Library Donations
Management Services
23,331
21,100
44,431
0
Main Street Facade Fund
Economic Development
271
1,200
1,471
0
Mapping Fund
Information Resources
2,784
3,500
6,284
0
Parks Restricted
Parks & Recreation
49,934
64,388
114,322
0
Police Restricted
Police Services
5,631
123,641
129,272
0
Tourism Fund
Economic Development
247,537
355,700
327,451
275,786
Total Special Revenue Funds
390,457
657,579
772,250
275,786
Fund Description:
Special revenue funds (SRF's) are used to account for specific revenues that are legally restricted for
expenditures for particular purposes. The City uses these funds to track revenues and expenditures for:
► Grants
► Hotel Occupancy Tax (HOT)
► Parkland dedication fees
► Donations
► Police seizures
Significant Issues/Comments:
These funds vary significantly with the level of donation and grant activity for each year. SRF's for street
improvements and recreation programs were combined into the General Fund in 2002, for reporting purposes.
41
Internal Service Funds - Summary 2001/02
Fund Description:
Facilities Maintenance Fund:
Provides janitorial services, light maintenance, equipment repair and replacement (copiers, HVAC, etc.),
landscape maintenance, building repair and replacement (roofs, painting, carpet) on an established
schedule. Charges for services to each department are made based on predetermined lease fees.
Fleet Management Fund:
Provides vehicles, vehicle equipment and communications equipment to all using City departments, as
well as maintenance of all vehicles. Charges for services are based on annualized replacement and
maintenance costs of each vehicle.
Information Services Fund:
Provides computer hardware, software, training and staff support to all using City departments. Charges
are based on hardware and software replacements for each department.
Joint Services Fund:
Composed of departments providing administrative services to City funds and departments. GUS
Administration, Pump Maintenance, Systems Engineering and Utility Office provide support to the City's
utility funds. Administrative departments, including Accounting, Human Resources and Safety, Finance
Administration and Purchasing and Properties provide support to all City funds and departments.
42
FACILITIES
FLEET
INFORMATION
JOINT
INTERNAL
MAINTENANCE
MANAGEMENT
SERVICES
SERVICES
SERVICES FUND
FUND
FUND
FUND
FUND
TOTAL
Beginning Working Capital
0
67,255
42,690
398,655
508,600
REVENUES:
Charges for Services
545,863
1,311,819
860,064
4,407,124
7,124,870
Interest & Other
10,000
40,000
25,500
29,000
104,500
Sale of Property
10,000
10,000
Interfund Transfers
48,400
55,460
103,860
Total Revenues
555,863
1,410,219
941,024
4,436,124
7,343,230
EXPENSES:
Georgetown Utility System
1,257,796
1,257,796
Economic Development
341,582
341,582
Finance & Administration
551,881
1,305,329
1,689,215
3,546,425
Information Resources
983,714
983,714
Management Services
1,170,423
1,170,423
Interfund Transfers
55,460
55,460
Total Expenses
551,881
1,305,329
983,714
4,514,476
7,355,400
Ending Working Capital
3,982
172,145
0
320,303
496,430
Fund Description:
Facilities Maintenance Fund:
Provides janitorial services, light maintenance, equipment repair and replacement (copiers, HVAC, etc.),
landscape maintenance, building repair and replacement (roofs, painting, carpet) on an established
schedule. Charges for services to each department are made based on predetermined lease fees.
Fleet Management Fund:
Provides vehicles, vehicle equipment and communications equipment to all using City departments, as
well as maintenance of all vehicles. Charges for services are based on annualized replacement and
maintenance costs of each vehicle.
Information Services Fund:
Provides computer hardware, software, training and staff support to all using City departments. Charges
are based on hardware and software replacements for each department.
Joint Services Fund:
Composed of departments providing administrative services to City funds and departments. GUS
Administration, Pump Maintenance, Systems Engineering and Utility Office provide support to the City's
utility funds. Administrative departments, including Accounting, Human Resources and Safety, Finance
Administration and Purchasing and Properties provide support to all City funds and departments.
42